#12333229, Grigory Pekarsky, Listing office: Vesta Preferred LLC
Property details
About 5165 S Michigan Ave
Attention residential developers! Don't miss this exceptional opportunity to acquire a 0.19-acre lot in Chicago's thriving Washington Park neighborhood. Located at 5165 S Michigan Ave, this RM-5 zoned lot offers flexibility for various residential projects in an area experiencing rapid revitalization. With ample space to build an 8-unit residential building or two 4-unit buildings, this site presents a fantastic investment in a neighborhood seeing a surge in new construction. The property's prime location on Michigan Ave places it near key amenities, including Washington Park, Provident Hospital, and major transit routes, making it highly attractive to future residents. Whether you envision a boutique condo development or a rental property, the potential for strong returns is undeniable. With ongoing redevelopment efforts in the area, this lot is perfectly positioned for a profitable project-secure your stake in Washington Park's transformation today!
Highlights
Home typeVacant Land
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Lot size0.19 Acres
MLS #12322600
Summary
- List Price: $250,000
- Annual Tax Amount: $2,936
- Tax Year: 2022
- Directions: Drive East on 51st Street to Michigan Ave, then drive South to the land site.
- Lot Size: 0.19 Acres
- MLS Number: 12322600
- MLS Name: MRED
- Office Name: Straight-A Realty, LLC
- Office Phone: (630) 288-2446
- Listing Agent: Michael Applegate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 31, 2014 | Home Sold | $19,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $14,232 | $2,936 |
| 2021 | $14,232 | $2,870 |
| 2020 | $14,232 | $3,170 |
| 2019 | $14,232 | $2,859 |
| 2018 | $14,232 | $2,811 |
| 2017 | $11,720 | $2,522 |
History based on county public records data.
Nearby schools
10
Bronzeville Classical Elementary School
Public District KG-4
1.4 mi
•8 W Root St
4
Univ of Chicago Charter-Nth Kenwood
Public Charter PK-5
1.5 mi
•1119 E 46th St
5
Shoesmith Elementary School
Public District KG-6
1.5 mi
•1330 E 50th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,385. The most common annual income of people living in Chicago, IL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
41%
<35k
44%
35k-100k
11%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
30%
Single, with Kids
9%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
13%
12-17 yrs old
21%
18-34 yrs old
38%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5165 S Michigan Ave
The listing price of 5165 S Michigan Ave property is $250,000.
The property 5165 S Michigan Ave is land located in Chicago, Illinois, 60615.
Accepting Backup Offers: 5165 S Michigan Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 5165 S Michigan Ave are: Bronzeville Classical Elementary School (GreatSchools Rating 10/10), Univ of Chicago Charter-Nth Kenwood (GreatSchools Rating 4/10), Shoesmith Elementary School (GreatSchools Rating 5/10), Beasley Elementary Magnet Academic Center (GreatSchools Rating 4/10), Burke Elementary School (GreatSchools Rating 1/10), Beethoven Elementary School (GreatSchools Rating 3/10), Williams Medical Preparatory High School (GreatSchools Rating 5/10), Walter Henri Dyett High School for the Arts (GreatSchools Rating 2/10), Tilden Career Community Academy High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $2,936 (source: MLS/based on county public records data).
The last sale was on March 31, 2014 for $19,000 (source: MLS/tax record).
The property 5165 S Michigan Ave is 0.19 acres.
This home is located at 5165 S Michigan Ave in Chicago, IL and zip code 60615 in the Washington Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $250,000.
Chicago, IL housing market in June 2025 saw over 1044 listings sold above listed price, more than 385 sold at listed price and over 952 sold below. In June 2025 in Chicago, IL there were 7.6% more homes for sale than in May. Listings spent 25 days on the market in June 2025, and had a median list price of $379,143 during the same period.
From Rocket Homes Real Estate and based on county public records data.